THE STRATEGIC VECTOR OF UKRAINE'S FINANCIAL INTELLIGENCE CONSTRUCTION

Abstract

The study established the strategic vectors of the development of financial intelligence in Ukraine. Further, the study outlined several stages, in particular, established the impact of financial intelligence on the state's financial security, carried out a comparative analysis of financial intelligence of the different countries by determining their institutional features and, based on the analysis results, developed strategic directions for Ukraine's financial intelligence development. The article substantiates the expediency of scientific research aimed at determining the specifics of the financial intelligence agencies' activities and their role in ensuring the state's financial security. The paper emphasized the need to intensify financial monitoring measures to counter new challenges and threats caused by the COVID-19 pandemic, the global economic recession and the war of the Russian Federation against Ukraine, which entered an active phase in early 2022. Moreover, the research highlighted the necessity to use advanced foreign experience in the organization of the financial intelligence service, its implementation in the domestic practice of combating money laundering and the use of this experience in the work of a financial intelligence agency in modern conditions characterized by a high level of corruption risks, the shadow economy and its offshoring. The influence of financial intelligence on the state's financial security has been established by determining the main threats arising in the relevant areas of activity and analyzing the mechanism of the financial intelligence's influence on the state's financial security. Researchers carried out a comparative analysis of financial intelligence models of different world countries. The article designated institutional characteristics of different financial intelligence models by determining their type, and essential characteristics. The study proposed an algorithm for forming a strategic vector for Ukraine's financial intelligence development. Based on the research results authors presented strategic directions for Ukraine's financial intelligence development and appointed their goals and directions of implementation.